The world’s third-largest pension fund intends to hire over 50 new investment team members, with a particular focused on domestic and overseas alternative investment.
Strong demand from both international and regional investors looks set to ensure that Asian property remains strongly in demand for the coming months.
Insto roundup: NPS to hire 54 asset managers; CPPIB plans to raise stake in India infrastructure fund
NPS launches programme for 54 asset management positions; CPPIB to acquire an additional stake in an Indian infrastructure investment trust for $136m; Cadillac Fairview injects $400m into Apac-focused fund; Chikyoren hires Nomura, Tokio Marine for alternative mandates; GIC extends JV with UK student accommodation group and more.
Asia's largest asset owners will see their enormous assets swell even further in the coming decade. They risk becoming too large to effectively manage their money.
The pension fund bowed to retail investor pressure and broadened its investment range into local stocks. Its policy reversal could set the stage for more populist pressure.
The third-largest pension fund in the world is still planning to reduce domestic equities despite calls from retail investors for it to support local stock prices.